Price formed a short-term rectangle pattern with a strong horizontal support at 131.75 area. This support was tested several times over the past few days. Daily close below 131.75 will confirm the breakout with a possible rectangle price target of 129.06.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.